0 Portulaca Dr, Lake Wales, FL 33855
This exceptional 0.5-acre vacant land parcel in the desirable Indian Lake Estates community of Lake Wales, Florida, presents a unique opportunity for building your dream home. Located on Portulaca Drive, the property boasts 21,806 square feet and is priced at $12,500. The community offers an extensive array of amenities, including a 23,000 square foot clubhouse, a pro shop, an 18-hole golf course, a fitness center, a children's playground, basketball, tennis, and shuffleboard courts. Residents also enjoy access to Lake Weohyakapka, featuring a marina, boat launch, boat parking (with a $200 annual fee), and one of Florida's longest freshwater piers. The community is further enhanced by its own post office and fire department. Building regulations require concrete block construction and permit private pools and fenced backyards. RV and boat parking is permitted on individual lots. This is an ideal location for those seeking a tranquil lakeside lifestyle with convenient access to a wealth of recreational facilities and community services. Don't miss this chance to create lasting memories in this thriving Florida community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.